City Of Los Angeles Stimulus Jobs Costing $2 Million Each
Roughly $111 million of your federal tax dollars spent, and 55 jobs “created or saved.” And even if we accept the notion that “jobs saved” is a valid metric (it isn’t) that’s about $2 million/job.
Jonah Goldberg says we would have been better off dropping the money from helicopters.
“I’m disappointed that we’ve only created or retained 55 jobs after receiving $111 million,” says Wendy Greuel, the city’s controller, while releasing an audit report.
“With our local unemployment rate over 12% we need to do a better job cutting red tape and putting Angelenos back to work,” she added.
According to the report, the Los Angeles Department of Public Works generated only 45.46 jobs (the fraction of a job created or retained correlates to the number of actual hours works) after receiving $70.65 million, while the target was 238 jobs.
Similarly, the city’s department of transportation, armed with a $40.8 million fund, created only 9 jobs in place of an expected 26 jobs.
I agree that we need to clear tape and put Angelenos (and Americans in general) back to work.
Let’s end the stimulus program, cut government spending, cut taxes and deregulate the private sector. That will, most assuredly, put people back to work.Tags: california, Economy, jobs, los angeles, Stimulus